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according to what is institutionally appropriate. the u.s., there will be a friend of syrian meeting. reports are is that the u.s. is preparing to recognize transitional governments if one were out of this new revolutionary coalition. if there is a transitional government that is recognized, what will the relationship be to these councils that are more ad hoc? are these local? council local do they have to be -- are these local council sustainable? do they have to be accountable for the structures that may emerge? what is the sustainability in the future of these councils? >> they can build their relations. people have to survive. during my stay both in aleppo and italy you see every day, especially if you could to center aleppo, it is bombing. it is a warm toward situation -- war torn situation. different italians were able to unite. one of the first issues was to get them out of the city. it is much more likely that you get bombed. based on they got bombed. -- later on they got bombs. the first challenge is that the city has to be able to defend themselves. how are they going to be
its limits, only the private and public working together can get the u.s. economy fully back on track. in particular it will be critical that fiscal policymakers come together soon to achieve longer term fiscal sustainability without adopting policies that could derail the ongoing policy. thank you. i would be happy to answer your questions. >> i guess i have ad. unemproacr -- you have another paragraph that's not just targeted something else. so what good are these targets if you have to reference the calendar date? >> we will be learning about what unintended consequences they make, and we will see what else happens to the economy that affects the levels of unemployment, for example, that we hope to achieve. so for that reason, as i discussed in my opening remarks, we decided to make the right ra for asset -- criteria for asset purchases qualitative right now because we have a number of issues we need to look at before we go forward. rates were well understood and we understand the relationships between those and rate increases and the state of the economy. so we have been able to g
of pennsylvania. his research includes the u.s. economy, tax policy, and the stock market. he is previously a senior economist at the board of governors at the federal reserve system. he went to that graduate school of business at columbia university. he has worked for both the george w. bush and clinton administrations. both of you went to the same university. i'm sure you can agree on everything today. dr. zandi first. >> thank you for the opportunity. it is an honor to be here with kevin, a good friend of mine. let me say that these are my own personal views. lawmakers have to resolve three issues -- first, the fiscal cliff. second, raising the treasury debt ceiling, which as you know is becoming an issue rarely soon. third, achieving long-term fiscal sustainability. that is deficit reduction and tax increases and spending cuts that allow the gdp ratio to stabilize by the end of the decade. these three things need to be done now. in terms of the fiscal cliff, if policy is unchanged and we go over the cliff and there is still no change after that, the gdp in 2013 will 3.5 percentage point
questions from the audience. hosted by the u.s. chamber of commerce this is just under an hour. >> thank you very much. thank you, everyone, for being here this morning. especially those who traveled to be with us. it's nice to close the doors from the rest of washington and the fiscal cliff debate for a little while and talk about fiscal challenges elsewhere. whether it's a good news or bad news, at least it gives us an opportunity to talk about something a little bit different than the news of the day in this final two weeks, i think, before hopefully congress finds an opportunity to either avoid or move or solve some of the fiscal cliff issues and fiscal challenges that we face. and thank you for dick gravich and the work of the panel and the commission he co--led. there are copies of that report that were available when you came in. it's an excellent document that i really encourage everyone to take a close read. it's filled with good analytics in terms of what's going on on the state level. to help us understand. and i fully agree, dick, with your comments earlier about the disconnect.
adhered to the u.s. constitution. rep. ron paul was giving his retirement speech and to his credit, to his credit -- to me makes a lot of sense. i believe him when he says our liberties are being weakened. i am so sorry that they tried to discredit him. he makes a lot of sense. he bases his thinking on the founding fathers and their intentions. i am not very clear of the fiscal cliff. i understand that we are in trouble. the middle east situation that is going on is a can of worms. with our economic downturn, i am not so sure about that yet. even things like that mortgages, which is true. >> are you working? caller: i am unemployed, but i do? taxes. i stopped getting it in march of last year because of my health issues. >> unemployment is going to end, that is one of the expiring provisions. new castle, pa.. democratic line, jeanne. >> my main comments, i think that the problems, one of the main problems is the grover norquist pledge that the officials, mainly republicans, have taken. it should be deemed unconstitutional. no elected official should be allowed to take any kind of pledge. wh
from a week in brazil. the u.s. would have just grown faster than brazil in the most recent quarter, 2.4%. i raise this because you go down there and talk to business people about why it is. we could have made little more taxes here and a little more regulation there and cost of labor there and a fair amount of uncertainty about what we'll do in the future. they have taken the steam out of it. this is a fragile and requires government to facilitate rather than layer cost and uncertainty on top of it. with that uncertainty and a very aggressive regulatory agenda which has caused uncertainty around health care costs. you add that up and you have a period in which american business is operating under a huge weight. government rates the conditions where businesses and scientists can have the freedom to get the work done. that is an important thing to think about. government can create the conditions under which the cost is listed to allow businesses to innovate. >> if i could follow up. i thought this was amazing. u.s. firms spend 36% to comply with regulation than larger firms. the small
. a cherished leader for the entire house. joe baca is a lifelong public servant, a paratrooper in the u.s. army, look at this, the 101st airborne and the 82nd airborne divisions. he served california state legislature. he made his mark standing firm against harmful and an ty immigrant measures and leading -- anti-immigrant measures and leading on food stamps. it's fraught with meaning. a lot of work and leadership he put into it in the farm bill. joe baca came from humble beginnings, yet his accomplishments are truly significant. the list goes on and on of our colleagues that congresswoman eshoo mentioned. all of these members, public service has been a calling, a cause and a core facet of their character. california has been proud to have them as our representatives in congress. for those of us who served with them, it's an honor for each of us to call you colleagues. for some of us, a very, very special honor to be considered your friend. we all wish you -- we each wish of you much success in the years ahead. we look forward to coming -- continuing our work together on behalf of our great gol
. this will create thousands of u.s. jobs in the hardest-hit industries on jobs that cannot be of course using materials that are 90% made in the usa energy efficiency is unique in that it creates its own cash flow. it pays for itself. there are significant barriers that prevent this from being harvested more efficiency -- more efficiently. one is to begin -- and this is akin to building power plants. we know how to finance power plants. they supply predictable amounts of energy and utility can easily raise capital. however we lack the same capital for energy efficiency even notice understood to be the most cost-effective resource for meeting our needs. the energy efficiency efforts equate to a resource greater than any other source in the country. greater than nuclear, natural gas or coal. this is a great example policy that can move the -- this provides incentive to home owners to increase -- the greater the incentive, i the savings. transitioning allows for business model metrology and creates a system to reward innovation. the good news this the systems will need to make this economically
Search Results 0 to 7 of about 8

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